When the lights go off for your tank, the Co2 levels will rise because the plants are no longer metabolizing the Co2 into oxygen that they were during light periods. This generally leads to a small PH drop. In my case, it can drop up to .6. I increase my surface agitation when the lights are off to ensure that there is enough oxygen exchange for the fish to be comfortable until the lights come on again.
As far as a Co2 system, it would help to know the tank, plants, and lighting that you're using. In the past, I have gone up to around 2.2 watts per gallon with low and low-medium light plants and never had any problems. Some plants with higher requirements have also grown in those conditions though they were never as vibrant as they could have been.